HVAC
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Legislative Crunch and Potential Crises Ahead
The House is expected to vote on the Bipartisan Infrastructure Framework (BIF) today, September 30, 2021. Liberal House Democrats have threatened to vote against BIF if there is no agreement with the Senate on passage of a separate spending bill, the Build Back Better plan, a $3.5 trillion piece of legislation embodying the Biden administration’s social priorities. House Republican leadership is also mobilizing to vote against BIF, and with a narrow Democrat majority it is very possible the infrastructure legislation could be voted down.
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Senate Passes Bipartisan Infrastructure Bill and Takes First Step on Major Reconciliation Package
On Aug. 10, the U.S. Senate passed a long-awaited infrastructure package on a bipartisan 69-30 vote. The package is valued at approximately $1 trillion, about $600 billion of which is new spending.
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Carbon Pricing
The Carbon Pricing Leadership Coalition defines carbon pricing as using pricing instruments to charge those emitters of greenhouse gasses (GHG), which trap heat and hence, heat up the planet, to “discourage the use of carbon dioxide–emitting fossil fuels in order to protect the environment, address the causes of climate change, and meet national and international climate agreements.”
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